BACKGROUNDER.

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1 BACKGROUNDER Investing in Global Innovation Intel Capital, Intel s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital is stage agnostic and invests in a broad range of companies offering hardware, software and services targeting enterprise, digital media, mobility, consumer Internet, and semiconductor manufacturing. Investment Facts Since 1991, Intel Capital has invested more than US$11.64 billion in 1,440 companies in 57 countries. In that timeframe, 212 portfolio companies have gone public on various exchanges around the world and 381 were acquired or participated in a merger. In 2015, Intel Capital invested more than $514 million in 143 companies, including 64 new companies. Intel Capital had 26 exits; 3 portfolio companies completed an IPO and 23 were acquired, either through a purchase or a merger. Intel Capital s goal is to achieve both strategic alignment with Intel Corporation and a strong financial return for its investments. Intel Capital does not disclose specific financial results from its investments, but the program has contributed billions in cash to Intel in its history. Notable Investments Intel Capital has made a number of well-known investments around the globe. These include Actions Semiconductor, AVG, Basis Science, Bellrock Media, Box, Broadcom, BSoft, CNET, Citrix Systems, Clear2Pay, Cloudera, DSSD, Elpida Memory, FocalTech, FPT, Gaikai, GoodData, India Infoline.com, Inktomi, Insyde Software, Integrant Technologies, Kingsoft, LogMeIn, Maginatics, Mall.cz, Marvell, Mellanox, MySQL, NetPosa, Ninebot/Segway, NIIT, Phoenix New Media, PCCW, RedHat, Rediff.com, Research in Motion (Blackberry), Sasken, Snapdeal, SiRF, Smart Technologies, Sonda, Sohu.com, Techfaith, TOA, YuMe, Yuneec, VA Linux, V-cube, VMware and WebMD. International Investing International investing increased from less than five percent of Intel Capital s investment dollars in 1998 to about 32% in Intel Capital has invested in companies headquartered in 57 different countries on six continents. Investment Categories Intel Capital typically makes four types of investments: Ecosystem: A number of Intel Capital investments are made in technologies that support the final products in which Intel s products are used. These companies products complement and help drive demand for Intel products.

2 Market Development: Intel Capital invests in companies that help accelerate the adoption of technology in emerging markets. Gap Fillers: Investments are made in companies that sell technology that Intel needs to help market or produce its products. Eyes and Ears: Intel Capital makes small investments in emerging technologies that might be useful in three to five years, but are not necessarily related to a current Intel business. Investment Funds To provide investment focus on specific technologies and sectors critical to Intel s efforts, several specialized funds have been established: The $125 million Intel Capital Diversity Fund (June 2015) invests in technology startups run by women and underrepresented minorities. The RMB80 million Intel Capital China Angel Fund (April 2015) invests in makers and early stage start-ups, focus on enabling smart device maker ecosystem development in China. The $100 million Intel Capital China Smart Device Innovation Fund (April 2014) invests in smart devices, including tablets, smart phones, PCs, 2in1s, wearables, the Internet of Things, and other related technologies in China. The $100 million Intel Capital Experiences and Perceptual Computing Fund (June 2013) invests in software and applications making human-like senses the ability to see, hear and feel possible on devices to deliver more natural, intuitive and immersive computing experiences across the spectrum of Intel architecture platforms. The $100 million Intel Capital Connected Car Fund (February 2012) invests in hardware, software and services companies developing technologies to promote new, compelling in-vehicle applications and enable the seamless connection between vehicles and any connected device, including mobile devices and sensors. Intel Capital Differentiated Advantages What sets Intel Capital apart is a collection of important value-add benefits that other firms are unlikely to match. These differentiating factors enhance our relationships with entrepreneurs, opening doors to new markets, customers, alliances, co-investors, and emerging technologies. Among the key benefits of working with Intel Capital are: Global Reach: With offices in more than 15 countries, Intel Capital calls on a vast network of resources in markets around the world. We have insights into these markets, contacts with local customers and suppliers, and the ability to match our portfolio companies with customers across oceans and continents. Worldwide Customer Access: Intel Capital facilitates regular, targeted meetings with the right decision makers drawn from Intel s relationships with suppliers, partners and customers in every major market in the world. In 2015, Intel Capital facilitated over four thousand introductions between our portfolio companies and customer executives from Global 2000 companies, through proprietary and customized engagement programs like the Intel Capital Global Summit and Intel Capital Technology Days. Recognized Brand: Intel is among the most recognized brands in the world. Intel connotes quality, integrity, and innovation. It s a cachet that opens doors for us and our portfolio companies, a sort of coin of the realm in places near and far with customers and coinvestors around the globe. 2

3 Technology Expertise: Intel plays a lead role in the continued rise of technology around the world. Our portfolio companies are privy to our architecture roadmaps, gain access to our manufacturing and engineering knowledge, and they can benefit from the work of our labs and factories. Recent Awards PitchBook: #1 Corp VC investor in 2015; Top VC investor and exiter of 2015 CB Insights: Most active IoT Investor; Top investors for tech exits 2015 PitchBook: Top US-based investor in China since 2010 Zero2IPO: Top foreign VC investor in China (2015) CB Insights: #1 wearables investor (2010~2015); top augmented reality investor and most active CVC investor in cybersecurity in 2015 PitchBook: top VC investors in the global IT storage industry since 2010 Global Corporate Venturing: Arvind Sodhani lifetime achievement award 2015 PitchBook: Top VC investor in cybersecurity since 2010 PitchBook: Top VC investors in companies acquired by Salesforce or Microsoft PitchBook: #1 Top VC Exiters - M&A (2005~2015) PitchBook: Largest IoT Investor in 2014 ; Most Active Investor in Hardware (2014) CB Insights: #1 Most Active VC Investors in Cybersecurity and #1 Most Exited Investors in Cybersecurity (2014) CB Insights: Most Active Internet of Things Investor of 2014 CB Insights: #3 Most Active VC of 2014 Global Corporate Venturing: Arvind Sodhani named the most powerful person in corporate VC (2014) Global Corporate Venturing: Corporate Venture Unit of the Year (2014) Global Corporate Venturing: Arvind Sodhani "Powerbroker of the Year" (2014) PrivCo: #1 Most Successful Tech Venture Capital Firms of 2013 (2014) PitchBook: #1 M&A since 2004 (2014) CB Insights: #1 IPO/M&A exits since 2009 (2014) International Business Forum (IBF): Achievement Award to Arvind Sodhani (2014) Bloomberg: #2 in Tech s Top 10 dealmakers (2014) Global Corporate Venturing: Arvind Sodhani ranked #1 on Powerlist Global Corporate Venturing: Corporate Venture Unit of the Year (2013) TechCrunch: #1 in corp VC deal activity 2011~2013 and #1 corp VC total funding 2011~2013 CB Insights: #1 portfolio exit in US and most exit in cybersecurity space (2013) CB Insights: The Most Active Venture Capital and Corporate Investors in the Internet of Things (2013) Firma.ru: Top International VC Fund in Russia (2013) ChinaVenture: Best Strategic Investor in Internet & Mobile Internet (2013) Zero2IPO China: Top 20 Foreign VC of the Year (2013) Forbes China: Best VC of 2013 (2013) PrivCo: Top Technology VC of 2012 CB Insights: #1 VC for quantity of IPO Pipeline companies in portfolio (2012) Global Corporate Venturing: Arvind Sodhani ranked #2 on Powerlist 100 (2012) Zero2IPO China: Top 50 VC Fund of the Year (2012) ChinaVenture: Top 15 VC Fund (2012) VCCircle: Most Active VC Firms in India (2011) 3

4 Dow Jones Private Equity Hall of Fame Award (2011) Quick Facts In 2015, Intel Capital invested more than $514 million in 143 companies, including 64 new companies; about 68% of the dollars was invested in North America. Intel Capital had 26 exits; 3 portfolio companies completed IPOs and 23 were acquired, either through a purchase or a merger. International Investments Intel Capital has invested in companies based in 57 different countries including: Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, China, Chile, Costa Rica, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Ghana, Hungary, India, Ireland, Israel, Italy, Japan, Korea, Lithuania, Luxembourg, Malaysia, Mexico, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Singapore, Spain, Sweden, Switzerland, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and the United States. Recent Exits Initial Public Offerings BSoft (China) May 14, 2015 Tobii Technology (Sweden) April 22, 2015 Box, Inc. (U.S.) January 23, 2015 SNSplus (Taiwan) December 8, 2014 Vitae Pharmaceuticals (U.S.) September 24, 2014 CareDx (U.S.) July 17, 2014 NetPosa (China) January 29, 2014 V-cube (Japan) December 10, 2013 FocalTech (Taiwan) November 8, 2013 Montage (China) September 26, 2013 YuMe (USA) August 8, 2013 Aspeed (Taiwan) April 30, 2013 Peregrine Semiconductors (USA) August 8, 2012 Sinosun (China) June 28, 2012 Envivio (U.S.) April 25, 2012 Vocera (U.S.) March 28, 2012 MCX (India) February 25, 2012 Synacor (U.S.) February 9, 2012 AVG (Czech Republic) February 2, 2012 Mergers and Acquisitions 3gear Systems (acquired by Facebook) U.S. (December 24, 2015) Jordan Valley (acquired by Brucker) Israel (November 2, 2015) Saffron (acquired by Intel) U.S. (October 23, 2015) NexPlanar (acquired by Cabot Microelectronics) U.S. (October 22, 2015) Coldlight Solutions (Acquired by PTC) U.S. (October 1, 2015) istream Planet (acquired by Turner Broadcasting) U.S. (August 14, 2015) 4

5 PerspecSys (acquired by Blue Coat) U.S. (July 27, 2015) Powervation (acquired by Rohm Semiconductor) Ireland (July 23, 2015) Virtustream (acquired by EMC) U.S. (July 6, 2015) Recon Instruments (acquired by Intel) Canada (June 16, 2015) Cortina Access (acquired by Realtek) U.S. (April 7, 2015) Revolution Analytics (acquired by Microsoft) U.S. (April 6, 2015) Amplidata (acquired by Western Digital) Belgium (March 9, 2015) QuickFire Networks (acquired by Facebook) U.S (January 8, 2015) Maginatics (acquired by EMC) U.S. (October 22, 2014) Feedhenry (acquired by Red Hat) - Ireland (October 9, 2014) Clear2Pay (acquired by C&E Holdings) Belgium (October 2, 2014) Location Labs (acquired by AVG) U.S. (September 29, 2014) TOA (acquired by Oracle) U.S. (September 18, 2014) XPlus Two (acquired by Rocket Fuel) U.S. (September 4, 2014) What s on India (acquired by Tribune Digital Ventures) - India (July 3, 2014) Movea (acquired by InvenSense) France (July 24, 2014) InMage Systems (acquired by Microsoft) U.S. (July 10, 2014) DSSD (acquired by EMC) U.S. (May 5, 2014) Inktank Storage (acquired by Red Hat) U.S. (April 30, 2014) BASIS Science (acquired by Intel) U.S. (March 25, 2014) Prolexic (acquired by Akamai) U.S. (February 18, 2014) Lumidigm (acquired by HID Global) U.S. (February 10, 2014) Sense Networks (acquired by YP) U.S. (December 20, 2013) Deal Mates (acquired by ibuy Group) Malaysia (December 19, 2013) Virident Systems (acquired by Western Digital) U.S. (October 17, 2013) Tier3 (acquired by CenturyLink) U.S. (October 1, 2013) Omnesys (acquired by Thomson Reuters) India (September 12, 2013) JackBe (acquired by Software AG) Mexico (August 21, 2013) Tribold (acquired by Sigma Systems) - U.K. (July 8, 2013) Solera Networks (acquired by Blue Coat) U.S. (May 31, 2013) Enpirion (acquired by Altera) U.S. (May 21, 2013) Pando Networks (acquired by Microsoft) U.S. (February 4, 2013) Crossing Automation (acquired by Brooks Automation) U.S. (Nov. 1, 2012) MicroProbe (acquired by FormFactor) U.S. (Oct. 16, 2012) Perceptive Pixel (acquired by Microsoft) U.S. (July 30, 2012) DynamicOps (acquired by VMWare) U.S. (July 20, 2012) imall (acquired by Naspers) Czech Republic (June 29, 2012) Aeroscout (acquired by Stanley Black & Decker Israel (June 4, 2012) IPTego (acquired by Acme Packet) Germany (April 25, 2012) Sapato.ru (acquired by Ozon) Russia (Mar. 5, 2012) Anobit (acquired by Apple) Israel (Jan. 6, 2012) Intel Capital Technology Days In 2015, Intel Capital hosted 81 Intel Capital Technology Days (ITDs) with leading customers around the world. The standard ITD model brings about 10 portfolio companies to the host customer s premise for a day of introductions, customer briefings, technology presentations, and demo showcases. 5

6 Previous ITD hosts include American Broadcasting Company (ABC), Aigo, Alcatel, Asustek, AT&T, BMC Software, BMW, BP, BT, CapitalOne, Comcast, CSC, Daimler-Mercedes, Delphi, Flextronics, Fujitsu Electronics, General Motors, Halliburton, Huawei, IBM, Infosys, ITOCHU, Kodak, Lenovo, Microsoft, NASDAQ, NBC Universal, NDS, Paramount Pictures, PCCW, PowerLeader, Procter & Gamble, Quanta, SAIC, Sanyo, Satyam Consulting, SK Telecom, Sony Ericsson, Sprint, Target, Telefonica, TeliaSonera, Time Warner Cable, Toys R Us, Turkcell, and Wipro. Intel is a trademark or registered trademark of Intel Corporation or its subsidiaries in the United States and other countries. Other marks and brands are property of their respective owners. 6